Cash purchases in the U.K. fell 1 percent last year, and now account for just 22 percent of purchases in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Despite digital options, consumers in the Middle East and South Africa still have their hearts (and wallets) set on cash. In fact, cash use in the region is projected to reach $1.4 trillion by 2021, creating an uphill battle for digital challengers. The latest Global...
Digital financial services are looking at an uphill climb in beating cash use in countries like Turkey, despite the undeniable growth of digital payment methods and mobile apps. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Despite the influx of mobile banking and payment options, plastic card use, and a focus on financial infrastructure, cash remains heavily cemented in the Middle Eastern and African economies. Reliance on cash is particularly ingrained in the unbanked and rural populations of these regions, with...
In a way, the deal seems old school. PayPal-owned money transfer operator Xoom said this week that its new agreement with Euronet Worldwide’s Ria will enable Xoom customers to pick up cash remittances from more than 150,000 Ria network locations. Get the Full Story Complete...
“Oooh, your kisses, sweeter than honey/ But guess what? So’s my money.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Two years in, India is seemingly undergoing “remonetization,” with cash usage growing 10.5 percent and returning to pre-demonetization levels. In fact, use of cash is expected to reach $2.45 trillion by 2021, up from $1.5 trillion in 2016. That said, the policy has helped digital...
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China’s central bank said Friday (July 13) that companies and individuals have to accept cash payments, but that the rule isn’t being applied to online payments or stores that aren’t operated by a person. Get the Full Story Complete the form to unlock this article and...
